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Fly News Breaks for September 16, 2016
STRZA, LGF
Sep 16, 2016 | 07:33 EDT
Loop Capital analyst David Miller noted that the "Blair Witch" reboot debuts on 4,275 screens in North America this weekend and estimates it can open at $15M, which would be "fairly strong" for a horror film. The film, which could be profitable for Lionsgate (LGF) after only one weekend at the box office if his estimate is correct, could be the start of a "notable streak" for the company's studio, Miller tells investors. The analyst, who added that he thinks the Starz (STRZA) deal will close by November 30 at the latest, keeps a Buy rating and $30 price target on Lionsgate shares.
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